MLS#

202306684

Sold Price

$5,000,000

List Price

$4,999,999

Days on Market

100

Closing Date

Aug 31, 2023

Status

SOLD

Type

Land

Land Area

24,593

Land Tenure

FS - Fee Simple

Neighborhood

Coconut Grove

Foreclosure

Yes

Property Description

The offering consists of the extremely rare opportunity to acquire the fee simple interest in 24,593 square feet of A-2 (medium density apartment) zoned land in Kailua, on the island of Oahu. Included with the property are construction drawings for a 42-unit residential condo development. The property’s level site, size, and great location make it an excellent development opportunity for market rate residential condominiums in a submarket with tremendous demand. This is the last undeveloped A-2 zoned parcel of this size in Kailua and is priced below recent comparable sales making it a great opportunity for a developer. The property consists of 2 lots - TMK 1-4-3-58-65 & 1-4-3-58-66.

Additional Information

Island

Oahu

Utilities

None

View

City, Mountain, Other

Easements

None

Elementary School

Kailua

Middle School

Kailua

High School

Kailua

Lot Size

24,593

Possible Use

Duplex, Multi Family, Single Family

Mls Area Major

Kailua

Neighborhood

Coconut Grove

Frontage

Ocean

Tax Amount

$896

Sewer

None

Lot Features

Clear

Restrictions

None

Foreclosure

Yes

Assessed Total

2926000

Assessed Land

2926000

Zoning

12 - A-2 Medium Density Apartme